Galaxy Digital


Markets

Bakkt, Galaxy Digital to Offer Bitcoin Trading, Custody Solution for Institutions

Bakkt and Galaxy Digital plan to offer a "white glove" trading and custody solution targeting institutions this year.

Michael Novogratz, chief executive officer, Galaxy Investment Partners at Invest 2017 (Credit: CoinDesk archives)

Finance

Genesis Hires Ex-Galaxy Digital Staffer to Run New Derivatives Trading Desk

The derivatives desk will expand the company’s suite of products as it aims to attract more institutional clients to its newly acquired prime brokerage arm.

Genesis Trading CEO Michael Moro speaks at Invest: Asia 2019.

Markets

Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin Halving

The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue post-halving.

Daily chart (CoinDesk BPI)

Finance

Galaxy Digital Warns Losses Could Continue as Coronavirus Hits Bottom Line

The crypto merchant bank just managed to keep its head above water in 2019, but says profits will likely suffer amid the effects of Covid-19.

michael novogratz by brady dale

Markets

That AlphaPoint $5.6M Funding Round? It's a Band-Aid

The recent $5.6 million injection of capital into New York-based AlphaPoint came from bridge financing via a SAFE, the company confirmed to CoinDesk. But AlphaPoint would not say who provided the financing or its terms.

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Finance

Novogratz's Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%

Galaxy Digital, the crypto merchant bank founded by Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said.

Michael Novogratz

Markets

Bitcoin as a Safe Haven? US-Iran Tensions Rekindle Debate

Bitcoin’s recent price jump after the U.S. killing of a top Iranian official has rekindled a long-running debate among investors: whether it will work as a safe-haven asset like gold in times of heightened geopolitical and economic turmoil.

Iranian gold image via Shutterstock

Markets

Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain

Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering.

Credit: CoinDesk archives

Finance

Bakkt, Fidelity Will Store Galaxy Digital's New Bitcoin Fund Holdings

Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds.

Michael Novogratz of Galaxy Digital